14 AUGUST 8-14, 2008 • NEW YORK AND NEW JERSEY ASIAN JOURNAL http://www.asianjournal.com • (212) 655-5426 • (201) 484-7249
Hidden, self-made millionaires THE COMMUNITY CALENDAR
around us Aug 8 | Friday and... Maritess The Magician!!!!!
St. Paul University of Dumaguete’s 3rd Annual Meeting Hosted: by Air Tabigue and Tom Hudson
by Ma. Salve Duplito of Paulinians On August 12 at 8:30 pm, $10 plus a minimum of two
Mark your calendars! San Diego hosts 3rd Annual meet- drink (portion of proceeds donated to YEHEY: Young Edu-
ing of Paulinians! “SPUDAA-NA: Green and Growing.” The cators for Heath and Empowerment of the Youth) only at
MANILA—What comes to mind big inheritance, the superstars hearts that they still have a lot to 3rd Annual SPUDAA-NA Conference will be held until August Laugh Lounge NYC (151 Essex Street, New York, NY)
when you hear the word “mil- who made it big either in show do to strive to be really wealthy,” 10 in San Diego,CA. Board member Ron Somera heads the Watch the video from last month’s show and see upcom-
lionaire”? Probably images of the business, basketball or boxing, Kong said. organizing and planning group which includes Joe Laguda ing roster for Jammin Filipino!
usual suspects--a rich business- as in Manny Pacquiao’s case. But Millionaires, especially Chinese and Jojo Garrovillo. For more information, please contact * Reservations are highly recommended as this is one
man in a pin-striped suit, a politi- for Filipinos who don’t have the businessmen, fear kidnapping Ron Somera, SPUDAA-NA San Diego ’08 coordinator at of our most popular show! Just call the club and say how
cian and his big SUV, a kid who significant last name, the super- and thus prefer not to flaunt their firstname.lastname@example.org many people* (212) 614-2500.
inherited loads of cash from his star quality or the strength to be wealth. Kong said in any national-
parents and living it up in the big a boxing sensation, slowly socking ity, self-made millionaires are hard Aug 9 | Saturday Aug 15 | Friday
city, or the most common of all, away money has done the trick. working and always searching for QPA Picnic and Election Veterans Memorial Medical Center, Quezon City
the CEO-type. These “ordinary millionaires” additional ways to preserve their The Quezon Province Association will hold a picnic and holds Reunion
It might be surprising (even also live way below their means, wealth. general election beginning 10 am at 59 Sweetgum Lane, Former employees, doctors, residents, interns of Vet-
depressing) that your next-door drive humble cars and live in “They are after comfort, yes, Miller Place, New York. For directions, please call Mac erans Memorial Medical Center,Quezon City, Philippines
neighbor might have turned into simple homes. Unlike in The Mil- but they also understand that (631) 331–2441 or (631) 748-3316, Estella (631) 805–3419. are invited to a reunion in Baltimore, Maryland. On Friday,
a millionaire while you barely lionaire Next Door” however, Fili- they need to grow their passive For more information about the event, please contact: August 15, there will be a Crabfest. On Saturday, Aug 16, a
saved a few thousand pesos in a pino self-made millionaires either income. They are very open that’s Annie Bermudez (212) 428–2210, (201) 960–6923; Lita gala dinner-dance. On Sunday, Aug 17, there will be a guided
bank account every month. Recent own or rent their homes. Those why they are eager to attend per- Sarmiento (201) 253–7388, (201) 332–9281; Cely Dorneo tour of Washington DC.
interviews have shown that there who rent their homes do so while sonal finance seminars. They want (908) 577–0437; Lucy and Ekel Calicdan (973) 482–4430, For reservation and information, please call Flor Bau-
are hidden, self-made millionaires preparing to buy future properties to learn what the really rich people (973) 979–1802; Tita Lugtu (212) 812–7368. tista (201) 387–1143; Carina Palomer (718) 351–9586; Mely
around us and they are not your on cash basis or saving up to mini- are doing,” he said. Almonte Santo(410) 939–0197.
run-of-the-mill wealthy persons mize expensive mortgages. The number one concern 38th Year Anniversary and Coronation Ball
living in affluence. They don’t have much credit among self-made millionaires? The Federation of Philippine Societies In New Jersey Aug 16 | Saturday
Inspired by the best-selling card debt, and cook their own Taxes. “They are super sensitive cordially invites everyone to its 38th Year Anniversary and 2008 Philippine Fiesta in America
book The Millionaire Next Door birthday dinners. Some are em- to taxes. They have a feeling that Coronation Ball from 7 pm to 1 am, at the Schuetzen Park- Come to the largest indoor gathering of Filipinos in the
by Thomas J. Stanley and Wil- ployed while others are entrepre- they have worked really hard 3167 Kennedy Boulevard at 32nd Street, North Bergen, NJ East Coast! There will be exhibitors from the Philippines
liam D. Danko, I started last year neurs. Most are happy in their to get where they are and they 07047. Tel no.: (201) 865–0868. Attire: Formal. Donation and the US plus many more big Filipino stars and lots of
to look for hidden millionaires in relationships. All don’t buy things should at least be given the right is $55 per person. For inquiries call: Dan de Guzman (973) activities for all ages. This is going to be a two-day event
our society. for show, but get more satisfac- services for what they pay,” Kong 768–5677; Elvira Reyes (551) 208–986; Joji Jalandoni (201) from August 16 (12 pm to 9 pm) to August 17 (10 am to 8
Based on Stanley and Danko’s tion in an increasing portfolio said. 401–7559; Flor Gualberto (732) 713–0730; Medy Taeza pm). Visit the website at www.philippinefiesta.com. To
research, the portrait of America’s of mutual funds, stocks, bonds, Filipinos whose net worth is (646) 415–3040. exhibit or attend, call (212) 682–6610 or e-mailsepmgzn@
millionaires is far removed from properties and businesses. between P1 million and P15 mil- aol.com.
what most people expect it to be. While they are frugal, they are lion consider themselves in the Aug 11 | Monday
It shows someone who is in a “dull not misers. Those who are in the middle-income group, and they Taal Mayon immaculate perfection Aug 17 | Sunday
or normal” business like paving professional world love their jobs say the first million is the hardest The Igarta Foundation presents Master Ben A. Gonza- APPNY Summer Picnic
contractors and rice farmers. They but are not workaholics. They to reach. After that, things get les Taal Mayon immaculate perfection, a transcendental The Association of Philippine Physicians of NY will have
don’t look like millionaires, they are aggressive when it comes to easier. retrospective, until August 22, 2008. its summer picnic at the residence of Mary Jane & Dr. Edgar
don’t dress like millionaires and investing and are always on the A 20-year old new graduate Opening reception on Monday, August 11, will be from 6 Lerias (12 Chablis Drive, Dix Hills NY),from 3 pm to 7 pm.
they don’t eat like millionaires, but lookout for ways to earn more. All who sets aside P2,000 a month in pm to 9 pm. Taal Mayon DVD premiere at 7:30 pm, Philippine Cost is $25/pp. For directions, call (631) 425–0657.
their frugal lifestyles allow them are generally tightwads. an investment vehicle that earns Center Gallery 556 5th Ave. NY. Gallery hours: Monday to
to have a “go to hell” fund they Low-key millionaires 10 percent per annum and con- Friday 9 am to 6 pm. Aug 23 | Saturday
could live on for 10 years even if Francis Kong, best-selling tinues with dogged determination The Bohol Circle’s Bohol Day and Picnic
they don’t lift a finger. author, business consultant and to do that consistently will become Aug 12 | Tuesday Aug. 23 and 24. The Bohol Circle of Eastern USA will
Different investments corporate trainer, confirmed that a millionaire when he reaches 36 Jammin Filipino hold on August 23 a Bohol Day and Coronation of Miss
They live on 7 percent of their there are many low-key million- years of age. It takes 16 long years It’s that time again! Once a year Jammin Asian is con- Bohol on Saturday, 7 pm to midnight at the Crowne Plaza
wealth, save 15 percent and aires in Philippine society. But to reach the first million. verted into an All-Filipino lineup...a.k.a. Jammin Filipino! Meadowlands, Harmon Plaza, Secaucus, New Jersey. Tel.
invest nearly 20 percent of their when he talks about millionaires, After that, however, it gets Watch video from last month’s show and see upcoming (201) 348–6900 Donation: $60 per person. Attire: formal
realized household income. They he is not talking about those who easier. Using the same strategy, roster for Jammin Filipino! or business suit or Filipiniana.
have “chosen to trade wealth for just made their first. “One million he will earn his second million And yes we are going to have free lumpia! On Sunday, August 24, The Bohol Circle will hold a picnic
high-status material possessions,” these days is almost nothing. You after six years when he turns 42, Also featuring: at 10 am to 5 pm at the Liberty State Park, Morris Pesin
the book says, but invest heavily can’t even buy a decent car with his third million after four years Pete Isip (Bamboozle) Drive, Jersey City, NJ. Tel. (201) 915–3400. This is a potlock.
in education for themselves and that, unlike before. I’m talking when he turns 46 and his fourth Jackie Mariano (Jammin Asian Debut, Five Points NYC) For reservations and more information, please contact
their children. about those who have at least P10 million when he turns 49. Alice Dugan (Jammin Asian Debut) Ric/Anita at (201) 433–0648, (201) 428–8107; Atoy/Cading
Could it be that there are such to P15 million that are liquid,” Money, as they say, begets Chris Turnage (Jammin Asian Debut...all the way from Torralba (732) 873–2426, (908) 416–4341, Mahru Migrinio
millionaires in Philippine society? he said. money. If this is true, then the VA Beach) M.L. (Jammin Asian Debut.. D Rebel Music) (646) 541–2060, Rene/Lorna Rocha (201) 434–0223, (551)
Just like in Stanley and Danko’s They are low-key because they foremost qualities any Filipino Michael Christian (Wuzz Up Cafe) 358–3107, Narding/Daday Mag-aso (718) 344–7898, (718)
book, most of the hidden million- are aware that their wealth is a should have to join the ranks of Kappa Pi (Jammin Asian Debut..Bistro Filipino) 344–3123 Joseph Tieng (201) 312-4148.
aires interviewed for this article pittance compared to the Sys and self-made millionaires are focus,
did not inherit their money. Sure, Ayalas in the country, Kong ob- dogged determination, frugality
we also have the big names with serves. “They know deep in their and love for hard work. g Please email email@example.com or call (212) 655-5426 for your community events for possible publication.